Highwoods Properties, Inc. (HIW) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Highwoods Properties reported revenue of $806.1M, down 2.4% from $825.9M the year before. Net income was $162.7M (a 20.2% net margin), or $1.45 per diluted share. Operating margin was 67.6%. Operating activities generated $359.2M of cash. At fiscal year end, Highwoods Properties held $6.27B in total assets against $3.84B in total liabilities, including $27.4M of cash and equivalents.
Open the full interactive Highwoods Properties financials → Quarterly statements, key ratios, valuation history and price charts.
Highwoods Properties Key Stats
| Share Price | $29.76 |
|---|---|
| Market Cap | $3.34B |
| P/E Ratio | 20.5 |
| Revenue YoY Growth | -2.4% |
| 52-Week Range | $19.86 – $33.85 |
| Shares Outstanding | 110.3 million (basic, 2026 Q2) |
Highwoods Properties Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $736.9M | $768.0M | $828.9M | $834.0M | $825.9M | $806.1M |
| Operating Income | $505.1M | $531.6M | $569.1M | $565.2M | $553.7M | $544.7M |
| Pre-Tax Income | $357.9M | $323.3M | $164.0M | $151.3M | $104.3M | $162.7M |
| Net Income | $357.9M | $323.3M | $164.0M | $151.3M | $104.3M | $162.7M |
| Diluted EPS | $3.32 | $2.98 | $1.49 | $1.39 | $0.94 | $1.45 |
Highwoods Properties Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $201.8M | $203.4M | $214.0M | $216.4M |
| Net Income | $13.7M | $29.7M | $33.4M | $96.8M |
| Diluted EPS | $0.12 | $0.27 | $0.29 | $0.85 |
Highwoods Properties Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $109.3M | $23.2M | $21.4M | $25.1M | $22.4M | $27.4M |
| Total Assets | $5.21B | $5.70B | $6.06B | $6.00B | $6.03B | $6.27B |
| Total Long-Term Debt | $2.47B | $2.79B | $3.20B | $3.21B | $3.29B | $3.55B |
| Total Liabilities | $2.74B | $3.08B | $3.50B | $3.52B | $3.60B | $3.84B |
| Shareholders' Equity | $2.34B | $2.48B | $2.48B | $2.43B | $2.36B | $2.38B |
Highwoods Properties Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $358.2M | $414.6M | $421.8M | $387.0M | $403.6M | $359.2M |
| Cash From Investing | $110.7M | -$287.7M | -$614.8M | -$169.7M | -$302.4M | -$440.7M |
| Cash From Financing | -$294.3M | -$284.9M | $187.9M | -$205.4M | -$99.0M | $90.8M |
Figures from Highwoods Properties' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Highwoods Properties financials page for every line item.
Highwoods Properties Company Profile
| Ticker | HIW |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Raleigh, North Carolina |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000921082 |
Frequently Asked Questions
What was Highwoods Properties' revenue in fiscal 2025?
Highwoods Properties (HIW) reported revenue of $806.1M for fiscal 2025.
What is Highwoods Properties' annual revenue history?
Highwoods Properties' annual revenue by fiscal year: 2020: $736.9M; 2021: $768.0M; 2022: $828.9M; 2023: $834.0M; 2024: $825.9M; 2025: $806.1M.
What was Highwoods Properties' net income in fiscal 2025?
Highwoods Properties reported net income of $162.7M for fiscal 2025.
What was Highwoods Properties' earnings per share (EPS) in fiscal 2025?
Highwoods Properties' diluted EPS was $1.45 for fiscal 2025 (adjusted for any later stock splits).
What was Highwoods Properties' revenue last quarter?
In its most recent reported quarter (2026 Q2), Highwoods Properties reported revenue of $216.4M.
How much debt does Highwoods Properties have?
Highwoods Properties reported $3.55B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Highwoods Properties are outstanding?
Highwoods Properties reported a weighted average of 110.3 million basic shares outstanding in 2026 Q2.
What is Highwoods Properties' market cap?
Based on its latest closing price, Highwoods Properties (HIW) has a market capitalization of about $3.34B.
When does Highwoods Properties' fiscal year end?
Highwoods Properties' fiscal year end, as registered with the SEC, is December 31.
Where is Highwoods Properties headquartered?
Highwoods Properties lists its business address in Raleigh, North Carolina in its SEC filings.